Harvest Operations Corp., Calgary, a subsidiary of Korea National Oil Corp. (KNOC), plans to acquire certain producing and undeveloped properties in Canada from Hunt Oil Co. of Canada (HOCC) Inc. and Hunt Oil Alberta Inc., subsidiaries of Dallas-based privately held Hunt Oil Co., for $525 million. 

The assets include some 377,000 net acres of undeveloped land and approximately 11, 720 barrels of oil equivalent per day (BOE/d) of production, with complementary land positions in Willesden Green, the Peace River Arch and Southern Alberta. Upside include access to resource plays in ...